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tv   Business - News  Deutsche Welle  October 16, 2018 7:15pm-7:30pm CEST

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smith and carlos paid heavily for their protest but they became role models for an entire generation. since you're up to date i'll have more few of the top of the hour or course as always the website that best be done but presumably will have your business updates in just a bit. more female candidates than ever before. women are striving for power in the u.s. midterm election. night out there out of the can. why is that and what do these women want to. report on this pink wave and meet some of the
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candidates. this week. make your smart t.v. even smarter with the d w force more. fun don't more double talk comes more t.v. . italy's big budget won't cause europe to fall apart italian economy minister has promised he argues substantially raising the deficit will boost growth. diesel fumes and go out as german prosecutors slap an eight hundred million euro final the german com make up for missions cheating. and the business world mourns pull out and the microsoft co-founder used his bonce wealth to pursue his passion and ambition. and
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then fizzle and let's do business here paying commission president says italy must stick to its commitments right. managed to get it strapped budget in on time by midnight last night along with all other eurozone member states but the commission's been warning he's proposed deficit represents a significant deviation from its agreed economic path the populist government wants to stimulate the economy with a spending hike of thirty six point seven billion euros next year almost two thirds of that will be funded by a higher deficit a much higher deficit two point four percent of course mr product all the programs it wants to fund sound nice raising the retirement age basic income for the poor but there are fears these measures will balloon did. seem a group standing by for us in rome let's start with the economy minister zagi meant that this budget will boost growth and not dead how valid is that well that's
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certainly what the government is thinking will be the case they believe by spending more they will actually be able to offset the slowing economy here in italy and also alleviate poverty and that's why they put in place this basic income for the poor as well as tax cuts for the self-employed and cutting the retirement age which they said well dense jobs and create employment for the u.s. it silly now where's the money going to come from. cutting the most generous pensions and they're also expecting to eliminate tax rates for banks on the interest payments so these are some of the measures that they say will be able to free up money in order to provide for those that need it most and therefore it will boost the economy now that's what the government says but the commission though disagree so hard at the end says that this is just going to hike up its city's public debt it will commission was irate to put it nicely when this these plans first came to light this draft is now with the e.u.
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for the next fortnight to do you see the response changing in any way. well we've certainly seen strong reactions today from the e.u. commission president saying that if they agreed to this there's going to be a revolt in the e.u. with people saying that they're too flexible with italy but i think the e.u. as well as its leaks are going to be looking at how markets react and also a while they want the accounts to be balanced they also don't want to stoke too much of the a populous resentment not just here but in other countries as well i think a lot will depend on what happens in the next two weeks the economy minister is going to be selling his case to the e.u. and it's he's prime minister will be meeting the leaders of germany and france as well as leaders to put forward their case the rationale for this kind of budget the one thing i'd like to know the media's been talking a lot about italy's debt growing and that the fact that italy already has a mountain of debt is there a plan by the government or any willingness to actually reduce that day well if you
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look at the budget proposal that's been put forward their forecast believes that by putting in place these expansionary measures growth will rebound and therefore the debt will be reduced as well as the deficit will fall so that their argument really is very cunt transitting viewpoints and as you mentioned it's going to be a very interesting a couple of weeks ahead to see how you respond to this officially and how the italian government is going to take that having said very clearly that they're not willing to back down seen a very interesting days thank you very much for filling us in. an angry mob has injured dozens of women protesting outside a textiles factory in me and the women had been fired off the striking for better working conditions one of the victims says she was attacked with sticks and stones by forty men she says were hired to break up the demonstrations the factory makes items sold in germany's legal discount stores it's investigating the incident. how
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the a day goes by without a new chapter in the mission saga german premium comic now faces an eight hundred million euro fine for its part of the cheating scandal a subsidiary says it won't contest the fine issued by german prosecutors for regulatory deviations in diesel engines the investigations focused on the manipulation of vehicles in st thousand and four the costs will directly impact this year's earnings for b.w. . and its fall in only bought south a natural man in frankfurt only audi's a premium brands we know that will eight hundred million. no not if you look at the reaction of the stock market here of course that's a lot of money to you and me and to anyone else but volkswagen is making huge profits billions and billions each year again after despite the diesel gate scandal
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two thousand and fifteen was a bad year two thousand and sixteen not that great but since then the profits have been coming in again a large margin and also cash flow which means nothing less than liquidity that it can pay its bills on time and even with the eight hundred million that can the share is going up the volkswagen share mostly on. the fact that there was a positive comment by an analyst from a bank but you know it doesn't mean that it's out of the woods yet if it can stand this eight hundred million there's still more court cases to come in germany for example on jilted investors who feel that in a v.w. in form too late and also by people who feel that they deserve to compensation for their cars that were manipulated and there's been some very interesting comments coming from big help you would sell. people they're lashing out at politicians i believe it doesn't sound like there's been much soul searching going on at his parent company which actually spot. that's right and it's no one
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less than have a nice to see folks wagon and the nerves seem to be getting a little frayed there because he's lashing out at politicians and other critics he's saying that they're hurting the car industry with their campaigns against cars taking on existential dimensions he's talking of about hysterical campaign and i just thought signs in a few cities with problem areas and he says that if you look at the car industry he fears that the german automotive producers will only stand a fifty fifty chance of being among the world's top ten in the next little while. hysterical i find that interesting considering it's all about al health. that's right in frankfurt thank you. european battery makers are about to get a welcome boost the e.u.
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competition watchdog has announced plans to inject nearly two hundred million euros into making the power cells that overturns a previous ban on subsidising the industry right now many electric comic is have to depend on battery cells made in asia for their electric vehicles in response a year ago several e.u. countries and economic experts founded the european battery alliance to encourage sustainable battery production in the blog. the business world is in mourning paul allen has died at the age of sixty five the microsoft co-founder has ranked among the globe's wealthiest people and he put that wealth to use from personal computers and conservation to american football. when the seattle seahawks won the super bowl for the first time in two thousand and fourteen paul allen could hardly contain his delight seven years earlier he'd brought up the american football team on behalf of his home city but the man estimated to be worth around twenty billion u.s. dollars wasn't just interested in sports teams and he also invested vast sums in
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medical and scientific research and set up among other things a foundation and an institute this was how allen made his fortune microsoft in one thousand nine hundred seventy five he convinced his school friend bill gates to drop out of harvard university and co-found the computer company while gates mainly focused on growing the business allen was the techie with the operating system m.s. dos and the text processing program word he helped bring the home computer into people's lives after eight years at microsoft pool and then left the company following a cancer diagnosis he went on to recover and continued to work for decades but recently he revealed the disease had returned he died from complications arising from it for bill gates just happens to be here in berlin pursuing a passion of his fighting poverty his foundation's organization goalkeeper's is
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released a report showing the world's poorest areas a growing the fastest especially in africa gates says we have to act now. the good news is that worldwide extreme poverty defined as living on less than a dollar ninety a day has fallen drastically in the last three decades the bad news that extreme poverty is now concentrating in fast growing africa. by two thousand and fifty almost ninety percent of the world's extreme poor are expected to live in sub-saharan africa many of them in the democratic republic of congo and nigeria does the call from gates for more aid more resources and more investment while the world's done a great job getting people out of extreme poverty but it's going to be a huge challenge in africa with the population growth the disease burden there so our innovation in new tools our aid generosity we're going to have to do an even better job in africa than we've ever done in the past sustainable practices across
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the west are also a focus of this because even in somalia i've personally seen in somalia and in the chad region how plants and animals are dying and how the people's livelihoods go with them but to really understand it means realizing that we in europe and in germany are part of the reasons for this change houseless us and you centric long family planning nutrition and disease control are also seen as critical the stakes are high nothing less than africa's future. lasting business with.
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such. families for freedom mothers sisters and wives from syria. traveling through europe to raise awareness. there must tell the stories of those who've gone missing global trade zones or. long d.w. . long
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way to survive this might hide your identity. we are scared we are very scared we have to stay and do not mean to hide from this fight against. what is the true face of the country look like. on freedom independence the separation of state and church that used to be important but for decades political infighting here has ended progress and islam. mystics to most are gaining more than god did go we'll call for the name of law to law as long. democracy and the live long our own should you grow. in difficult good notion. of this should be. pretty. not fixed. bangladesh the dawn of islamism and exclusive d.w.
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report starts october eighteenth. welcome to global three thousand this week we had to kenya to meet some adults going back to school a well paid job. in vietnam's capital hanoi pollution is becoming a big problem what's the solution. and we need people who fled to venice.

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